Trump proposes a 10% cap on credit card interest rates for one year to fight affordability issues

Wall Street erupted after Donald Trump said he wants a one‑year 10% cap on credit card interest rates. Big U.S. banks warned the plan would hit a major source of income and make it harder to lend to millions of Americans. The average card rate is 19.6%, and cards handle 70% of all U.S. retail […]

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